SOP 5010 8 SBA Underwriting After Elimination of the “Do What You Do” Rule — 5/22
SBA SOP 5010 8 Webinar 4/29 and 5/22 at One Low Fee — SBA Underwriting After Elimination of the “Do What You Do” Rule
A Coleman Webinar
Date: Thursday, May 22, 2025
Time: 2:00 p.m. Eastern
Includes e-certification & recording
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This Just In: SBA’s new SOP 5010 8 reimposes lender underwriting guardrails and promises a return to, in the words of SBA, “time-tested, prudent lending policies SBA lenders should be familiar with.” Also included are all SOP changes implemented since the last published 5010.
SBA is largely implementing requirements that were in place during the Trump 1.0 administration. This includes eliminating the “do what you do” philosophy from the SOP, restoring 7(a) underwriting criteria, reinstituting the SBA franchise directory with streamlined procedures, reaffirming that SBA lenders determine whether the applicant is eligible for a loan guaranteed by SBA.
The industry’s expert award-winning webinar instructor, Lance Sexton, will break down all of the new information and deliver it in a timely, comprehensive 75-minute presentation in a clear and concise manner.
Coleman is offering two dates for this training; April 29 and May 22. Your unlimited site license gives you and your staff access to both sessions. Anyone with your email domain may attend one or both sessions at no additional fee.
Lance knows SBA and will focus on the important material that you will be using every day to ensure your compliance with SBA regulations and preserve your SBA loan guarantee.
Some of the topics include:
- Restoring a minimum 10% equity injection for startup loans and changes of ownership
- Reinstatement of the SBA franchise directory
- PLP lenders will no longer be able to submit loans GP
- The small loan amount is lowered to $350,000
- Minimal acceptable SBSS score raised to 165 from 155
- Merchant cash advances and factoring agreements are ineligible for debt refinance
- The lender must certify U.S. citizenship verification
- Individuals with a 2-year conditional Green Card are ineligible
- If hazard insurance is not available for collateral greater than $50,000, the loan is ineligible
- Revising what counts as equity injection
- Requiring collateral on all SBA loans
- Multi-step partial changes of ownership are no longer eligible
And obviously, much more.
Your Training Staff
Lance Sexton
A former small business owner, Lance Sexton has a successful history of working with small business owners and students related to entrepreneurship and SBA loan origination, servicing, and liquidation. He has earned three industry training instruction awards for “Best Online Learning Product”. A former SBA Deputy Director of Little Rock Servicing Center, Lance has over 40 years of experience, including 20 years directly managing portfolios of SBA loans. Lance is an adjunct faculty member of University of the Ozarks. He is an Executive Vice President, Managing Director of Servicing and Liquidation at an SBA participant lender and has been affiliated with Coleman Publishing for over 10 years.
Bob Coleman
Bob Coleman is the founder of Coleman Publishing, a publisher of newsletters, reports, data, conferences, webinars, online training videos — to help finance professionals become small business lending experts. Bob is the nationally recognized expert on small business financing. He has appeared frequently on Fox Business News, NPR and other numerous media outlets. He is sourced by all print media. He is a frequent speaker about small business lending throughout the US and EU. Bob has a BA in Medieval History from the University of California Santa Barbara and a MBA in Real Estate Finance from the University of Southern California. Bob has earned numerous awards as a producer of events and video training. His passion is getting capital to Main Street and Rural American small business.
Coleman Training Testimonials
“This was some of the best training I have attended. I loved the weekly format, and the narrow focus of the topic. The cost was such that we could have more of our staff attend.” – Regional Bank
“I find that your webinar training sessions are a GREAT way for me to keep current on important things SBA.” – Loan Service Provider
“Thanks for providing this training. It was very informative and helped me a lot. Our Bank highly encourages all our colleagues to take your training program. Highly appreciate your service in enlightening our knowledge.” – Community Bank
How the Webinar Works
We use Microsoft Teams as the webinar platform.
We will open the webinar for attendees to join at 1:30 pm ET. This will give each attendee thirty minutes before the webinar begins to troubleshoot any technical issues. Call (818) 790-4591 if you need assistance.
Recording
All Coleman webinars are recorded and a link is sent to all attendees.
Single Site License
The single site license grants your institution one viewing of the webinar. It is permissible to use a single site license on one device in a conference room to be viewed by multiple attendees The webinar can be viewed on any device.
Multiple Site License
A multiple site license is an unlimited access pass for anyone at your institution. You will be given a link that will be usable to anyone with your email domain.
Webinar Links and Handouts
The link will be included when we send the presentation and handouts, which is done prior to the webinar.
Participants Earn Certificates of Participation
All Coleman Webinar attendees will receive a certificate of participation. This documents your continuing education history for SBA and your regulators.
Coleman Report Webinar Benefits:
- Coleman Report webinars provide solutions to problems that left unaddressed will jeopardize the SBA loan guarantee.
- We give management the tools to create prudent credit boxes compliant with SBA’s standard operating procedures.
- We train your staff to ensure compliance of existing and new SBA rules and regulations.
- Tips that solve difficult SBA underwriting, servicing and liquidation challenges.
Questions
Questions throughout the webinar are strongly encouraged. There are two ways to ask a question. The first is to ask the question via the chat in Microsoft Teams. The second is to send an email to anna@colemanreport.com. Also, feel free to ask pre and post-webinar questions.
The Fine Print
1) Substitutions are allowed at no charge.
2) Cancellations receive a 100% credit for any Coleman product.
3) As with all our products, we offer a 100% money back satisfaction guarantee — no questions asked.
3 Easy Ways to Order
1) ONLINE — Register and pay via Stripe Credit Card Link $495 or Stripe Credit Card Link $795
2) EMAIL –Send an email to cindy@colemanreport.com with “Webinar Registration” in the Subject Line. We will do all the paperwork and either send you a sales receipt or an invoice.
3) PHONE — Call us at 818-790-4591.
Bob Coleman
Publisher, Coleman Report
bob@colemanreport.com